An article yesterday about state and city investigations of a loan made by a Bronx social service agency to the liberal radio network Air America quoted incorrectly from comments made on the air by Al Franken, the host of an Air America program. Referring to Evan M. Cohen, a former official of the network whom Mr. Franken accused of having engineered the loan, from the Gloria Wise Boys and Girls Club, Mr. Franken said: "I don't know why they did it, and I don't know where the money went. I don't know if it was used for operations, which I imagine it was. I think he was robbing Peter to pay Paul." (He did not say: "I don't know why he did it. I don't know where the money went. I don't know if it was used for operations. I think he was borrowing from Peter to pay Paul.")

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